Moody's assigns negative outlook to Russia's baa1 government bond rating; confirms rating

30.06.2014 11:39
Moody's assigns negative outlook to Russia's baa1 government bond rating; confirms rating

YEREVAN, June 30. /ARKA/. Moody's Investors Service has today assigned a negative outlook to Russia's Baa1 government bond rating and confirmed the rating. This action concludes the review for downgrade that Moody's initiated on 28 March 2014.

The negative outlook was triggered by the following factors:
1.) The rise in Russia's susceptibility to geo-political event risk
2.) A deterioration of Russia's medium-term economic growth outlook

The rating was confirmed against the background of Russia's strong fiscal and external accounts, which Moody's does not expect to be materially affected by the current geo-political tensions related to the Ukraine and the lower GDP growth trajectory projected in the coming years.
Russia's Prime-2 short-term debt rating was affirmed. –0--


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